Innovation Kyoto 2016 Investment Limited Partnership ("KYOTO-iCAP No. 1 Fund"), with Kyoto University Innovation Capital Corporation ("Kyoto iCAP") (Head Office: Sakyo-ku, Kyoto; Representative Director: Kimi Kusumi) as unlimited liability partner, is pleased to announce that its investee FIMECS (headquartered in Fujisawa City, Kanagawa Prefecture; Yusuke Tominari, Representative Director) for acquisition by RaQualia Pharma Inc. (headquartered in Nagoya City, Aichi Prefecture; Hirofumi Takeuchi, Representative Director). As a result of this acquisition, all shares of FIMECS held by the KYOTO-iCAP No. 1 Fund will be sold to RaQualia Pharma. KYOTO-iCAP No. 1 Fund has invested approximately 400 million yen in FIMECS.

Outline of Phimex Corporation
Established January 2018
Business Description Research and development of novel pharmaceuticals with proteolysis-inducing mechanisms
Head Office Address: 2-26-1, Muraoka Higashi, Fujisawa-shi, Kanagawa, Japan
Representative Director Yusuke Tominari
HP: https://www.fimecs.com/

Kyoto University Innovation Capital Co., Ltd.(Kyoto-iCAP)About
　As a wholly-owned subsidiary of Kyoto University, KYOTO-iCAP provides investment and other business support to companies that utilize research results generated by Kyoto University and other national universities. We currently operate the KYOTO-iCAP No. 1 Fund (established in January 2016) with a total value of 16 billion yen and the Innovation Kyoto 2021 Investment Limited Partnership ("KYOTO-iCAP No. 2 Fund") (established in January 2021) with a total value of 18.1 billion yen. The No. 1 Fund has a maturity of up to 20 years, and the No. 2 Fund has a maturity of up to 17 years, making it possible to provide long-term support for the practical application of research results from Kyoto University, which has strengths in basic research. In addition, a portion of the funds in the No. 2 Fund will be invested in ventures originating from national universities other than Kyoto University.

Contact information for inquiries
Kyoto University Innovation Capital Co., Ltd.
36-1 Yoshida Honmachi, Sakyo-ku, Kyoto 606-8317, Japan
Osami Kono, Senior Officer, Business Development Department
TEL: 075-753-7588 FAX: 075-753-7592
E-mail: info@kyoto-unicap.co.jp